Logitech International S.A. (NASDAQ:LOGI) Receives $84.29 Average PT from Brokerages

Logitech International S.A. (NASDAQ:LOGI - Get Free Report) has received a consensus rating of "Hold" from the ten research firms that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $84.29.

A number of equities research analysts have weighed in on LOGI shares. Citigroup lowered their target price on Logitech International from $105.00 to $75.00 and set a "neutral" rating for the company in a report on Monday, April 14th. UBS Group upgraded shares of Logitech International from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 7th. Bank of America raised shares of Logitech International from an "underperform" rating to a "neutral" rating and cut their target price for the stock from $90.00 to $73.00 in a research note on Friday, April 4th. Loop Capital decreased their price target on shares of Logitech International from $97.00 to $78.00 and set a "hold" rating for the company in a research note on Tuesday, May 6th. Finally, Barclays cut their price objective on shares of Logitech International from $108.00 to $92.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th.

Institutional Investors Weigh In On Logitech International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Belpointe Asset Management LLC bought a new stake in shares of Logitech International in the 1st quarter worth $534,000. Fortis Capital Advisors LLC bought a new stake in Logitech International in the 1st quarter worth about $534,000. Plato Investment Management Ltd increased its stake in Logitech International by 58.8% in the 1st quarter. Plato Investment Management Ltd now owns 20,739 shares of the technology company's stock valued at $1,751,000 after buying an additional 7,679 shares during the last quarter. Bayforest Capital Ltd lifted its position in shares of Logitech International by 2,233.9% during the 1st quarter. Bayforest Capital Ltd now owns 3,921 shares of the technology company's stock worth $331,000 after buying an additional 3,753 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Logitech International by 1.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,207,416 shares of the technology company's stock worth $355,148,000 after buying an additional 59,150 shares during the last quarter. 45.76% of the stock is owned by hedge funds and other institutional investors.

Logitech International Stock Performance

Shares of NASDAQ LOGI traded down $0.03 during midday trading on Monday, reaching $90.13. The stock had a trading volume of 396,147 shares, compared to its average volume of 637,964. Logitech International has a twelve month low of $64.73 and a twelve month high of $105.65. The company's 50 day moving average price is $83.18 and its 200 day moving average price is $86.74. The firm has a market cap of $14.25 billion, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 18.74 and a beta of 0.96.

Logitech International (NASDAQ:LOGI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The technology company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.07. Logitech International had a net margin of 13.86% and a return on equity of 30.40%. The business had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $1.03 billion. During the same quarter in the prior year, the firm posted $0.99 earnings per share. The business's quarterly revenue was down .1% compared to the same quarter last year. Equities analysts forecast that Logitech International will post 4.21 earnings per share for the current fiscal year.

Logitech International declared that its Board of Directors has initiated a stock buyback plan on Wednesday, March 5th that authorizes the company to buyback $600.00 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 3.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Logitech International Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Tuesday, September 23rd will be paid a $1.543 dividend. The ex-dividend date of this dividend is Tuesday, September 23rd. This is an increase from Logitech International's previous annual dividend of $1.37. This represents a dividend yield of 1.4%.

Logitech International Company Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide. The company offers products for gamers and streamers, including mice, racing wheels, headsets, keyboards, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mice and wireless mouse products; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; PC-based webcams, including streaming cameras and VC webcams; tablet accessories that includes keyboards for tablets; PC and VC headsets, in-ear headphones, and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers.